Under the terms of the MoU, Superblock will initially establish a Singapore-based subsidiary, which will later set up a joint venture with the Japanese company.
Superblock chairman Jormsup Lochaya was quoted by Reuters as saying that the company will hold 75% interest in the joint venture.
Work on the first 70MW of capacity of the project will commence in Chiba and Fukuoka, in the fourth quarter of this year and be completed in late 2016.
The project is scheduled to be fully commissioned in 2017.
The MoU comes in line with Superblock’s plan to have 500MW of solar power generation capacity by the end of this year, accounting to 90% of its total revenue.
Superblock recently said it was in talks with a potential Japanese partner for 300MW solar development project.
As well as solar, the Thai energy distributor also has plans to invest around BHT90m ($2.6m) per MW in wind energy sector for a combined capacity of 695MW.
